Two-time Oscar nominee Naomi Watts has booked her next gig. The Australian actress will star in and executive produce “The Wolf Hour,” a psychological thriller set during the 1977 New York blackout riots.

According to The Hollywood Reporter, Watts will play “a cultural icon and activist during the ’60s who has since fallen from grace and is a shell of her former self, now facing her demons at the height of one of the darkest points in the city’s history.”

Alistair Banks (“Two Gates of Sleep”) penned the script and will direct.

“The Wolf Hour” will launch production late this fall in NYC. Bradley Pilz Productions is fully financing the project and Pilz is among its producers.

Watts received Oscar nods for her roles in “The Impossible” and “21 Grams.” “Twin Peaks,” “Gypsy,” and “The Glass Castle” are among her recent credits. Her upcoming projects include “Ophelia,” a reimagining of Shakespeare’s “Hamlet,” and Gia Coppola’s “The Secret Life of the Lonely Doll,” an indie drama based on a true story. Co-starring Jessica Lange, the latter project centers on author Dare Wright and the journalist who found her living in a public hospital four decades after she became a household name.